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Financial Management Capabilities of Dynamics GP

March 10, 2014 9:36 am Published by

Microsoft Dynamics GP delivers a complete business management solution that goes well beyond financial accounting software, including supply chain management, manufacturing, project management, field service management, human resource management, banking, and business intelligence. But financial management is the heart of any ERP solution, and Microsoft Dynamics GP has a big, big heart.

All of the following financial management modules come with the Starter Pack edition of Microsoft Dynamics GP:

  • General Ledger
  • Payables Management
  • Receivables Management
  • Budgeting
  • Analytical Accounting
  • Cash Flow Management
  • Fixed Asset Management
  • Multicurrency Management
  • Encumbrance Management
  • Grant Management
  • Intercompany
  • National Accounts
  • Customer/Vendor Consolidations
  • Lockbox Processing
  • Refund Checks

The heart of the heart of an ERP system is the general ledger and accounts payable and receivable. Microsoft Dynamics GP’s heart of the heart gives you powerful capabilities that are flexible enough to be tailored to your specific business needs. Automate routine tasks to save time, and gain better control of your accounts.

The Budgeting and Analytical Accounting modules give you better insight into your business. Analyze data by whatever criteria you require. The “Management” modules also give you powerful, flexible tools to manage, as their names suggest, cash flow, fixed assets, multicurrency transactions, encumbrance, and grants.

The Intercompany module enables you to set up and maintain relationships so that revenues or expenses incurred in one company can be tracked or “due to” or “due from” amounts in other companies. National Accounts enables you to define a national account relationship between multiple customers, so that a customer can be defined as the “parent” account to which “child” customers can be added. Then a payment received from the parent company can be applied across any of the child customers’ payments.

Customer/Vendor Consolidations saves you data entry time when you have a customer who is also a vendor. Lockbox Processing automatically imports and applies customer payment information from a lockbox transaction file provided by your bank. And the Refund Checks module enables you to print refund checks for customers with credit balances, automatically debiting the customer and updating the general ledger.

That’s a lot of toolbox. More like a tool shed. Or a tool warehouse. Or several. And we’ve barely touched on all the things each of these modules can do.

About MIG & Co.

MIG & Co. is a professional consulting firm that specializes in the implementation of business management software solutions, including Microsoft Dynamics GP, SL, and CRM. We automate business processes to ensure that our customers work efficiently. MIG is a Microsoft Dynamics Gold Certified Partner.

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